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PM Narendra Modi's mother visits Gujarat bank to exchange currency notes

Speed News Desk | Updated on: 15 November 2016, 12:54 IST
PM Narendra Modi's mother visits Gujarat bank
PM Narendra Modi's mother visits Gujarat bank (ANI)

Prime Minister Narendra Modi's mother Hiraben Modi visited a bank in Gandhinagar, Gujarat to exchange currency notes on 15 November.

She exchanged Rs 4,500 at the Gandhinagar bank, ANI reported.

Banks remained closed on 14 November, on account of Guru Nanak Jayanti.

On 15 November, people queued up outside various banks since 5 am in a bid to exchange their higher currency notes or to withdraw money from accounts.

Also Read: Banks to use indelible ink to curb multiple exchanges

In major development, Economic Affairs Secretary Shaktikanta Das announced on 15 November that banks will use an indelible mark in a bid to discourage people from engaging in multiple rounds of currency exchange.

"We have received reports that many people are trying to convert black money into white have organised groups of people and are sending them to exchange money. To solve this problem we have decided to use indelible ink marks, similar to elections, on cash counters," said Das in an address to media.

Also Read: SC refuses to stay demonetisation notification

"To ease pressure on banks, a task force has been set up to look after shifting and storing of old notes. Special Task Force set up to monitor infusion of fake currency especially in the vulnerable areas," he added.

First published: 15 November 2016, 12:23 IST
 
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